Over the past month, Lido’s staked ETH managed to trade above Ethereum. This development could be attributed to the success of the Merge. It also led to investors having increased interest in stETH due to a sense of reduced risk and lower uncertainty around PoS future rewards. ______________________________________________________________________________________ Here’s AMBCrypto’s Price Prediction for Lido Staked […]
observed to be outperforming Ethereum in terms of price. Despite both assets witnessing a price decline, the fact that stETH was trading above ETH raised a lot of eyebrows.One of the reasons for this growth could be attributed to the influx of bulls that entered the market to supportSource: IntoTheBlock
Furthermore, another indicator for stETH’s growth could be seen from the growth in Curve’s stETH liquidity pool., the second-largest DeFi exchange, has one of the largest liquidity for the ETH-stETH pair exchange. As can be seen from the image below, the liquidity grew tremendously post the Merge and continued to grow over time.The transaction volume witnessed a decline over the past month. Furthermore, alon
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